Encryption Trader tardigrade It revealed that Dogecoin might flashed, indicating that the price recovery may be on the horizon. The high price of DOGE is also important in this case as it can confirm that the corrective step Wave 4 has ended.
Dogecoin flashing a signal with a freshness of the price on the horizon
in X postTrader Tardigrade revealed that the weekly relative strength index of Dogecoin (RSI) pulled a purchase sign. He also mentioned that Mim Queen RSI It fell in a possible recovery area. The analyst predicts that Doge can follow him, fall into a recovery area and enjoy a bullish reflection.
The planned plan showed that Dogecoin price It can recover to more than $ 0.8 on this climb. This would restart the bull Dog in the movement, as the Mimi currency, most notably, has greatly regained from the highest local level of about $ 0.46 in the first stage of the Taurus race last year. The gathering to $ 0.8 is also important because it will represent a new height (ATH) for encryption.
Meanwhile, the DOGECOIN price recovery can be confirmed that the Wave 4 corrective step has finally ended. The Crypto Crypto Online analyst indicated that the price of Doug still holds $ 0.17, but the last rally lacks the power of rush, and it constitutes only three waves. He added that a The outbreak of $ 0.25 It is needed to indicate that the 4 wave has a bottom.
Dogecoin also needs the opposite quickly. Ali Martinez has previously revealed that a break less than $ 0.15 can mark the end of the bull race for the coin. As such, Dog should remain above these main support levels to maintain bullish momentum.
More ups
In subsequent x posts, Trader tardigrade She also presented an upward look of a promotion and suggested that the recovery of prices on the horizon. In one post, it was revealed that the daily dougon candle is closed with Dragonfly Doji. He added that DOJI in Doge is located at the bottom of the declining direction, this sign indicates that the market will start to enhance and reverse the celebration.
In his analysis of the graph for one hour, the analyst also stated that something is brewing for the first Mimi coin with a Forming the upscale flag. The associated plans showed that Dog can soon regain the level of support of $ 0.2 and targeting new levels in this upward trend.
Before this expected bullish reflection, Dogcoin whales accumulated more actively. Martinez revealed that Dukwin's whale has bought 180 million dusks in 24 hours.
At the time of this report, the DOGE price is traded at about $ 0.2, an increase of more than 3 % in the past 24 hours, according to Data From Coinmarketcap.
Distinctive image from Unsplash, Chart from TradingView.com